$QREE
QUANTUM ENERGY INC.

2020 Q1 Form 10-K Financial Statement

#000143774921009779 Filed on April 26, 2021

View on sec.gov

Income Statement

Concept 2020 Q1 2020 2019 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $0.00 $230.0K $90.00K
YoY Change -100.0% -32.35% -35.71%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $0.00 $234.9K $90.00K
YoY Change -100.0% -31.27% -35.71%
Operating Profit
YoY Change
Interest Expense -$30.00K $45.74K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 -$817.2K
YoY Change
Pretax Income -$180.0K -$1.052M -$90.00K
YoY Change 100.0% 207.66% -35.71%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$180.0K -$1.052M -$90.00K
YoY Change 100.0% 207.66% -62.5%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.57 -$3.28 -$0.29
COMMON SHARES
Basic Shares Outstanding 48.49M 48.49M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2020 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $0.00
YoY Change -100.0%
Cash & Equivalents $47.00 $0.00 $1.578K
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change -100.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $47.00 $0.00 $1.578K
YoY Change -97.02% -97.25%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K
YoY Change 0.0%
Total Long-Term Assets $0.00 $0.00 $7.822K
YoY Change -100.0% -100.0% 0.0%
TOTAL ASSETS
Total Short-Term Assets $47.00 $0.00 $1.578K
Total Long-Term Assets $0.00 $0.00 $7.822K
Total Assets $47.00 $0.00 $9.400K
YoY Change -99.5% -100.0% -85.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $320.0K $320.0K $250.0K
YoY Change 28.0% 28.0% 400.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $250.0K $250.0K $70.00K
YoY Change 257.14% 257.14% 600.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $912.7K $910.0K $323.8K
YoY Change 181.88% 184.38% 488.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $912.7K $910.0K $323.8K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $912.7K $910.0K $323.8K
YoY Change 181.88% 184.38% 56.23%
SHAREHOLDERS EQUITY
Retained Earnings -$12.41M -$11.36M
YoY Change 9.26% 3.1%
Common Stock $48.49K $48.49K
YoY Change 0.0% 2.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$912.7K -$910.0K -$314.4K
YoY Change
Total Liabilities & Shareholders Equity $47.00 $0.00 $9.400K
YoY Change -99.5% -100.0% -85.58%

Cashflow Statement

Concept 2020 Q1 2020 2019 Q1
OPERATING ACTIVITIES
Net Income -$180.0K -$1.052M -$90.00K
YoY Change 100.0% 207.66% -62.5%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $0.00 -$206.6K $0.00
YoY Change 148.03% -100.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$150.0K
YoY Change
Cash From Investing Activities $0.00 -$150.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00K 355.0K 0.000
YoY Change 446.22% -100.0%
NET CHANGE
Cash From Operating Activities 0.000 -206.6K 0.000
Cash From Investing Activities 0.000 -150.0K
Cash From Financing Activities -10.00K 355.0K 0.000
Net Change In Cash -10.00K -1.531K 0.000
YoY Change -108.37% -100.0%
FREE CASH FLOW
Cash From Operating Activities $0.00 -$206.6K $0.00
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">NOTE <div style="display: inline; font-style: italic; font: inherit;">1</div> - NATURE OF OPERATIONS</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">QUANTUM ENERGY INC. (&#x201c;the Company&#x201d;) was incorporated under the name &#x201c;Boomers Cultural Development Inc.&#x201d; under the laws of the State of Nevada on <div style="display: inline; font-style: italic; font: inherit;"> February 5, 2004. </div>On <div style="display: inline; font-style: italic; font: inherit;"> May 18, 2006, </div>the Company changed its name to Quantum Energy, Inc.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company is a development stage diversified holding company with an emphasis in land holdings, refinery and fuel distribution.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company is domiciled in the Unites States of America and trades on the OTC market under the symbol QEGY.</div></div>
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